Tate & Lyle PLC (TATE) Receives Average Recommendation of “Hold” from Brokerages
Tate & Lyle PLC (LON:TATE) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 743.36 ($10.08).
A number of research analysts have issued reports on TATE shares. Liberum Capital reiterated a “buy” rating and issued a GBX 850 ($11.53) target price on shares of Tate & Lyle in a research report on Tuesday, December 19th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 710 ($9.63) target price on shares of Tate & Lyle in a research report on Friday, November 3rd. Shore Capital Group reiterated a “hold” rating on shares of Tate & Lyle in a research report on Thursday, November 2nd. Berenberg Bank reiterated a “hold” rating and issued a GBX 730 ($9.90) target price on shares of Tate & Lyle in a research report on Thursday, November 2nd. Finally, Shore Capital reiterated a “hold” rating on shares of Tate & Lyle in a research report on Thursday, November 2nd.
Shares of Tate & Lyle (LON:TATE) traded up GBX 2 ($0.03) during midday trading on Friday, hitting GBX 685 ($9.29). The company had a trading volume of 1,404,535 shares, compared to its average volume of 3,330,000. Tate & Lyle has a 52 week low of GBX 622 ($8.44) and a 52 week high of GBX 796.50 ($10.80). The company has a market capitalization of $3,190.00 and a PE ratio of 1,292.45.
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About Tate & Lyle
Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The Company’s segments include Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients segment’s product categories include dairy, beverage, bakery and convenience. The Bulk Ingredients segment’s product lines include bulk sweeteners for food and beverage customers, and industrial starches for paper and construction industries.
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